The Energy and Petroleum Regulatory Authority (EPRA) announced on Tuesday, January 14, 2025, an increase in fuel prices for Super Petrol, Diesel, and Kerosene in its latest monthly review.
According to a press statement, the prices for Super Petrol have gone up by Ksh0.29 per litre, Diesel by Ksh2.0 per litre, and Kerosene by Ksh3.0 per litre. This adjustment means Super Petrol will now retail at Ksh176.58 per litre, Diesel at Ksh167.06 per litre, and Kerosene at Ksh151.39 per litre.
EPRA clarified that these prices include the 16% Value Added Tax (VAT) in compliance with the Finance Act 2025, the Tax Laws (Amendment) Act 2024, and inflation-adjusted excise duty rates stipulated under Legal Notice No. 194 of 2000.
The regulatory authority attributed the increase in fuel prices to several factors, including a rise in the landed cost of imported diesel. Despite this, the landed costs of Super Petrol and Kerosene had declined during the same period.
“The average landed cost of imported Super Petrol decreased by 0.54% from US$612.93 per cubic metre in November 2024 to US$611.69 per cubic metre in December 2024. Diesel, however, increased by 0.06%, rising from US$643.69 per cubic metre to US$654.10 per cubic metre, while Kerosene saw a decrease of 12%, dropping from US$660.30 per cubic metre to US$619.64 per cubic metre over the same period,” EPRA stated.
The new prices will remain in effect for 30 days, from Wednesday, January 15, to February 14, 2025.
This unexpected increase has left many Kenyans frustrated, particularly as they had anticipated a further drop in fuel prices due to the declining landed costs of Super Petrol and Kerosene.
